News

August 9, 2022

German digital bank Nuri files for insolvency

The seven-year-old fintech, which provides both fiat and crypto banking products, is working on a “long-term restructuring concept”


Amy O'Brien

1 min read

screengrab of Nuri's website' (c)Nuri

Berlin-based digital bank Nuri filed for insolvency today, two months after announcing layoffs as it struggled with the rout in cryptocurrency prices, economic uncertainty and a difficult funding environment. 

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Amy O'Brien

Amy O'Brien is a freelance reporter covering Italian tech. She was previously Sifted's fintech reporter

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